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Economic Development Flashcards | StudBud
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Economic Development
Economic Development
30 terms
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StudBud Administration
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Human Geography
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
Which is
NOT
the main purpose of the UN?
promote economic well-being
encourage social progress
guarantee technological advancement
international peace keeper
2
What was the main effect of the Agricultural Revolution?
cost of production lowered, more food availability, population increase
cost of production increased, more food availability, population decrease
cost of production increased, lower food availability, population decrease
cost of production lowered, lower food availability, population increase
3
What are the three factors of production?
Land, Labor , Technology
Land, Labor, Capital
Technology, Infrastructure, Capital
Land, Technology, Infrastructure
4
What three things does the GII measure?
the total amount of production in a given year
death rates, life expectancy, literacy rates
health, empowerment, and labor
freedom, sanitation, and access to technology
5
Businesses will hire workers from ________ to maximize their profits.
MDCs
LDCs
6
Goods and services shipped into the country to be bought are called...
exports
deficit
comparative advantage
imports
7
The lower the GII, the higher the HDI.
False
True
8
Which economic sector is focused mostly on providing services?
Tertiary
Quaternary
Primary
Secondary
9
Which sector of the economy focuses on the spread of information and knowledge?
Quinary
Tertiary
Primary
Quaternary
10
If a country is an LDC, what types of economic activities would they focus on?
None of the above
Tertiary
Primary and Secondary
Quaternary and Quinary
11
If I was a CEO or President, which sector of the economy would I belong to?
Quaternary
Tertiary
Primary
Quinary
12
The total value of all finished goods and services produced in a country in one year is called the...
HDI
GDP
DTM
GII
13
Which economic activities do traditional economic systems mostly use?
Technology
Agriculture
Services
Manufacturing
14
The measurement for the average standard of living, life expectancy, and literacy rates for a country is called the...
GII
GDP
DTM
HDI
15
What is
NOT
an example of sustainable resources?
solar power
water (hydro-electricity)
fossil fuels
wind power
16
Which sector of the economy focuses on extracting raw materials and resources from the Earth?
Primary
Secondary
Quaternary
Tertiary
17
Which is
NOT
shown in DTM measures for a country?
gender equality
development
health
cultural beliefs
18
There is a direct correlation to development and education: the more developed a nation, the more educated the nation.
True
False
19
The UK, France, US, China, and Russia are all permanent members of the ___________.
UN
WTO
GDP
IMF
20
China exporting more than it imports is an example of which of the following terms?
NAFTA
Trade deficit
trade surplus
net exports
21
Businesses will make an agglomeration in order to do what?
share facilities and decrease cost of production
separate into their own industry
increase the cost of production by moving to a separate facility
make the other businesses go bankrupt
22
Which does NOT belong to a country in Stage 1 of the DTM?
low education
gender inequality
high GDP
poor sanitation
23
Where did the First Industrial Revolution occur?
Germany
Australia
United States
England
24
Goods and services shipped out of the country to be sold are called...
deficit
comparative advantage
imports
exports
25
The Core-Periphery Model explains how MDCs and LDCs rely on each other and are interdependent for resources and goods.
False
True
26
Which Stage would have the highest GDP?
Stage 1
Stage 3
Stage 2
Stage 4 & 5
27
Which economic sector is the United States mostly involved in?
Quinary
Primary
Quaternary
Tertiary
28
According to the industrial location theory, the business will locate where...
they can maximize business profits
next to the market if it is a weight losing industry
near the mine if it is a quaternary sector industry
in MDCs because of cheaper labor costs to the business
29
Which does
NOT
describe how urban centers changed because of industrialization?
none of the above
people became a cheap supply for labor in factories
people moved to cities from rural areas
people fled urban centers for more rural areas
30
A hinterland is a _______.
an industrial factory that shares resources
a region that is less developed
a center where goods and services are bought and sold
an agricultural landscape
